Public Storage (PSA) : During the past 4 weeks, traders have been relatively bearish on Public Storage (PSA), hence the stock is down -2.07% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.18% relative to the S&P 500. The 4-week change in the price of the stock is -4.05% and the stock has fallen -1.66% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.95% and the 50-Day Moving Average is 7.78%.The 200 Day SMA reached 12.23% Public Storage has dropped 10.19% during the last 3-month period . Year-to-Date the stock performance stands at -11.25%.
Public Storage (PSA) : The highest short term price target forecast on Public Storage (PSA) is $289 and the lowest target price is $205. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $241.82 with a standard deviation of $21.45.
Company shares have received an average consensus rating of Hold for the current week Public Storage (NYSE:PSA): The stock opened at $214.15 and touched an intraday high of $216.12 on Friday. During the day, the stock corrected to an intraday low of $213.92, however, the bulls stepped in and pushed the price higher to close in the green at $214.96 with a gain of 0.07% for the day. The total traded volume for the day was 1,266,549. The stock had closed at $214.8 in the previous trading session.
Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.